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Michael
Michael is 37 years old and lives in the town of Rukoki in the Fort Portal region of Uganda. He is married and has four children who are all currently in school. For the past seven years, Michael has been working hard to manage his bar where he sells beer, soda, wine and spirits.

To help expand his business, Michael has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more items like sodas, beer, wine and spirits for sale and will help Michael to generate greater profits and take good care of his children so they have a better life. Michael hopes that in the future, he will be able to stock enough drinks in the bar to increase his sales.

Michael is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Michael who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

Tags

About Uganda

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,624.7
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $1,150 helped Michael to purchase for more items like sodas, beer, wine and spirits to sell.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2014
Listed
Aug 1, 2014
Currency Exchange Loss:
Possible
Expired:
Aug 31, 2014